A highly liquid asset
A. must be held for a substantial period of time.
B. generally has a very limited market for its resale.
C. can be disposed of easily without loss of value.
D. has high transaction costs associated with its sale.
Answer: C
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In the above figure, what is the marginal social cost to the economy of producing the four-hundredth pretzel?
A) $0 B) $2.00 C) $4.00 D) None of the above answers are correct.
Exhibit 6-2 Refer to Exhibit 6-2. How many persons are not participating in the labor force in year 2?
a. 200 million b. 50 million c. 75 million d. 175 million e. 100 million
Use the following table to answer the next question.ItemBillions of DollarsCheckable deposits$597Small time deposits818Currency639Money-market mutual funds held by businesses1,045Savings deposits, including money-market deposit accounts2,866Money-market mutual funds held by individuals979The size of the M2 money supply is
A. $5,899 billion. B. $2,696 billion. C. $2,054 billion. D. $6,792 billion.
Equilibrium in the long run occurs when:
A. AD intersects the short-run AS, regardless of output level B. AD intersects the short-run AS, regardless of price level C. AD intersects the short-run and the long-run AS curves at the same point D. The short-run AS curve intersects the long-run AS curve